Netflix cuts 1,000 jobs and loses content and film chiefs
The streaming giant announced major layoffs and leadership departures amid questions about its future growth.
Netflix announced plans to cut 1,000 jobs while losing its content and film chiefs, raising questions about the streaming company's future direction.
The departures mark a significant shift for the entertainment giant that transformed how audiences discover and consume media globally.
Simon Gallagher, a former Netflix head of content and acquisition who worked with co-founder Reed Hastings, discussed the developments. Gallagher later worked at Hulu.
The job cuts and leadership changes come as observers debate whether Netflix has reached a turning point or still has room to grow in the competitive streaming market.
Source: bbc.com
